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Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
 KNOWLEDGE TO ELEVATE
In a recent London Arbitration decision (18/17) the Tribunal had to consider whether the owners were entitled to recover additional expenses incurred in complying with charterers’ orders to stop loading operations.
The Facts
The vessel was voyage chartered for a voyage from the USA to Venezuela. Upon arrival at the load port, loading commenced. When charterers became aware of this they ordered the loading to stop. Loading did not then recommence until four days later. Owners claimed from charterers the additional dockage, security and guards’ expenses incurred as a result of the four day interruption to loading.
The Load Port Expenses
In respect of the additional load port expenses, the Tribunal held that the allocation of such expenses would usually fall to owners under the charterparty terms. This was because the charterers were entitled to use the laytime as they wished and so it followed that the associated expenses had to lie where they fell, i.e. with the owners. However, the Tribunal accepted evidence from the owners that an oral agreement had been reached between the owners and the charterers that charterers had agreed to pay the owners’ invoice in full, which included the additional port expenses. It was, therefore, as a result of this additional oral agreement that the Tribunal ordered the charterers to pay the additional port expenses to the owners. Without this oral agreement, which changed the terms of the charterparty, the owners would not have received any compensation for the additional load port expenses incurred as a result of the four day delay.
A Reminder
It is worth reminding owners that charterers do have an absolute right to use the given laytime as they see fit. There is no duty on them to load or discharge faster than the given laytime. Therefore, if a charterer orders the vessel to stop cargo operations when laytime is running, the port expenses incurred during the stop will usually be for owners. This is unless a specific clause (or additional oral or written agreement on this point) can be agreed between the owners and the charterers to the contrary.
Source: North of England P&I Club
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Monday, 21 August 17
FIRM DEMAND FOR CAPES CONTINUE TO SUPPORT DRY BULK SHIPPING
COALspot.com: The freight market was continued to rose this past week compared to the previous weeks, as BDI, Cape and Panamax indexes show a posit ...
Friday, 18 August 17
U.S. WEEKLY COAL OUTPUT UP 2.1% WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 17 August 17
DESPITE A HOLIDAY-DISRUPTED WEEK IT HAS BEEN A NEW ACTIVE WEEK FOR THE PANAMAXES - FEARNLEYS
Supramax
A very quiet start to the week with holidays in several countries. USG still bringing good results supported by a tight tonnage availabl ...
Monday, 14 August 17
CENTURIES ON, AND DRY BULK STILL RULES THE WAVES... - SARAH HOLDEN | CLARKSONS
By the late 1800s, the shipping industry had been transformed by the introduction of steam power and iron ships. Coal and grain were two of the mos ...
Monday, 14 August 17
THE FREIGHT MARKET CONTINUES ON AN UPWARD PATH
COALspot.com: The freight market was continued to rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positi ...
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Showing 1966 to 1970 news of total 6871 |
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- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
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